Public Act 270 of 2010 ("Act 270") authorizes local units of government to adopt PACE programs to promote the installation of energy efficiency improvements and renewable energy systems by owners of commercial or industrial property within a district designated by the local government. Act 270 provides for repayment to local governments through a voluntary property assessment. The property assessment remains with the property and has the same priority as other property tax and assessment liens in the event of foreclosure.
Questions? Email Lean & Green MichiganTM at firstname.lastname@example.org. For more information, visit the Advantage Oakland PACE Financing website.